Attached files
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10-Q - NICOR GAS FORM 10-Q 06-30-10 - NORTHERN ILLINOIS GAS CO /IL/ /NEW/ | nicorgasform10q063010.htm |
EX-31.01 - NICOR GAS EXHIBIT 31.01 CERTIFICATION - NORTHERN ILLINOIS GAS CO /IL/ /NEW/ | nicorgas3101certification.htm |
EX-32.02 - NICOR GAS EXHIBIT 32.02 CERTIFICATION - NORTHERN ILLINOIS GAS CO /IL/ /NEW/ | nicorgas3202certification.htm |
EX-32.01 - NICOR GAS EXHIBIT 32.01 CERTIFICATION - NORTHERN ILLINOIS GAS CO /IL/ /NEW/ | nicorgas3201certification.htm |
EX-31.02 - NICOR GAS EXHIBIT 31.02 CERTIFICATION - NORTHERN ILLINOIS GAS CO /IL/ /NEW/ | nicorgas3102certification.htm |
Nicor Gas Company | ||||||||||||||||||||||||||||
Form 10-Q | ||||||||||||||||||||||||||||
Exhibit 12.01 | ||||||||||||||||||||||||||||
Nicor
Gas Company
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Computation
of Consolidated Ratio of Earnings to Fixed Charges
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(thousands)
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Three
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Twelve
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months
ended
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months
ended
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June
30
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June 30
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Year
Ended December 31
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2010
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2010
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2009
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2008
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2007
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2006
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2005
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Earnings
available to cover fixed charges:
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Net
income
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$ | 11,997 | $ | 98,913 | $ | 74,960 | $ | 59,569 | $ | 66,277 | $ | 58,656 | $ | 53,476 | ||||||||||||||
Add:
Income
tax expense
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7,076 | 56,876 | 40,316 | 30,991 | 34,197 | 27,814 | 26,128 | |||||||||||||||||||||
Fixed
charges
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9,161 | 36,285 | 34,933 | 38,246 | 41,000 | 45,041 | 43,203 | |||||||||||||||||||||
Allowance
for funds used during construction and other
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4 | (20 | ) | (51 | ) | (62 | ) | (182 | ) | (614 | ) | (1,038 | ) | |||||||||||||||
$ | 28,238 | $ | 192,054 | $ | 150,158 | $ | 128,744 | $ | 141,292 | $ | 130,897 | $ | 121,769 | |||||||||||||||
Fixed
charges:
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Interest
on debt
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$ | 8,750 | $ | 34,437 | $ | 32,991 | $ | 35,204 | $ | 37,515 | $ | 37,665 | $ | 36,487 | ||||||||||||||
Other
interest charges and amortization
of debt discount, premium,
and expense, net
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411 | * | 1,848 | * | 1,942 | * | 3,042 | * | 3,485 | * | 7,376 | 6,716 | ||||||||||||||||
$ | 9,161 | $ | 36,285 | $ | 34,933 | $ | 38,246 | $ | 41,000 | $ | 45,041 | $ | 43,203 | |||||||||||||||
Ratio
of earnings to fixed charges
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3.08 | 5.29 | 4.30 | 3.37 | 3.45 | 2.91 | 2.82 | |||||||||||||||||||||
* The
Company began accruing interest expense for uncertain tax positions on
January 1, 2007. Accordingly, for 2007 and going forward, the
interest included in Fixed charges is only the interest on third party
indebtedness. Any interest expense accrued on uncertain tax
positions is excluded from the calculation of Earnings. Prior years'
calculations were not changed.
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